Part 2/9:
Yvikov's pessimism regarding Tesla centers on its ambitious push for autonomous robo-taxis. He argues that a significant portion of Tesla's stock value is derived from optimistic projections of FSD's performance and the total addressable market (TAM). He believes that the technical hurdles for achieving a reliable robo-taxi service remain substantial, particularly with the understanding that the U.S. lacks the density required for such a network to thrive.